The Securities and Exchange Commission (SEC) has received an application for an order permitting certain joint transactions involving business development companies (BDCs) and closed-end management investment companies. The applicants, including Muzinich BDC, Inc. and its associated entities, seek permission to co-invest in portfolio companies alongside affiliated investment funds. This involves transactions that are generally prohibited without SEC approval, ensuring fairness and compliance with investment regulations. The SEC will issue the order unless a hearing is requested by interested parties by a specified date.
Simple Explanation
Imagine some companies want to share a toy box (money to invest), but they need permission because there are rules to make sure everyone shares fairly. They asked a big group called the SEC to let them work together, and the SEC will say "yes" unless someone says they want to talk more about it.